IOTA (MIOTA) Foundation to Represent Crypto at Major European Economic Summit

The IOTA Foundation has been invited to participate in a discussion panel during the annual economic summit hosted by Süddeutsche Zeitung in November, announced HelloIOTA on September 4, 2018.

Prominent speakers during the summit include the German Chancellor, Angela Merkel, along with several ministers of the German government, as well as the president of the EU Commission, Jean-Claude Juncker, and a host of CEOs of German companies.

Crypto Enters the Big Stage

Süddeutsche Zeitung is one of the largest newspapers in Germany, with a circulation of some 400,000 papers per day. The publication also organises the Wirtschaftsgipfel, an annual economic summit and one of the main events of the year in German politics, with multiple government ministers commonly in attendance.

This year as well the German government will have a heavy presence, with Chancellor Angela Merkel as one of the main speakers of the three day summit.

New for this year is the inclusion of IOTA co-founder Dominik Schiener, who has been invited to take part in a discussion panel with Helge Braun, the German minister of the chancellery and Federal Minister for Special Affairs, as well as Claudia Otto, a lawyer with experience in banking and financial regulations, and professor Gilbert Fridgen of the Fraunhofer Institute for Applied Information Technology.

IOTA and the Internet of Things

The IOTA project, one of the most ambitious undertakings in crypto, is on the forefront of development for the coming Internet of Things.

Based in Berlin, the foundation is working with many corporations on the edge of technological innovation, including BOSCH and Volkswagen, with Volkswagen set to release their first product that incorporates use of the Tangle in quarter 1 of 2019, in the form of their Digital CarPass, which will track software updates on the tangle.

More recently, the foundation is now working with Europe’s largest telecommunications provider, Deutsche Telekom, as well as Deutsche Bahn, the second-largest transport company in the world, on the upcoming IOTA data marketplace where, making using of the Tangle’s feeless transactions and virtually unlimited scaling, the machines of the future will be able to buy and sell data for fractions of a cent, and to do so without human involvement.

IOTA’s presence at the summit, while no doubt a feather in the foundation’s cap, is also a win for crypto community in general. Slowly but surely, the politicians and industry leaders that will guide society into the future are starting to acknowledge that some of the players in cryptoworld are deserving of a seat at the table.

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